Ingersoll-Rand PLC (IR): Today's Featured Industrial Goods Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ingersoll-Rand ( IR) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.5%. By the end of trading, Ingersoll-Rand rose $1.14 (1.8%) to $66.09 on average volume. Throughout the day, 1,458,246 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 1,700,600 shares. The stock ranged in a price between $64.74-$66.30 after having opened the day at $64.91 as compared to the previous trading day's close of $64.95. Other companies within the Industrial Goods sector that increased today were: China Valves Technology ( CVVT), up 28.9%, Altair Nanotechnologies ( ALTI), up 19.7%, Adept Technology ( ADEP), up 13.5% and Integrated Electrical Services ( IESC), up 12.8%.

Ingersoll-Rand plc engages in the design, manufacture, sale, and service of a diverse portfolio of industrial and commercial products in the United States and internationally. Ingersoll-Rand has a market cap of $19.2 billion and is part of the industrial industry. Shares are up 37.2% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Ingersoll-Rand a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Ingersoll-Rand as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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